Top stocks to buy today: Stock recommendations for June 19, 2025
Top stocks to buy today (AI image)
Top stock market recommendations:
According to Aakash K Hindocha, Deputy Vice President - WM Research, Nuvama Professional Clients Group, Kaynes, Mahanagar Gas Limited (MGL), and Gland Pharma are the top buy calls for today.
Here's his view on Nifty, Bank Nifty and the top stock picks for June 19, 2025:
Index View: Nifty
Nifty has again entered a consolidation zone after defending to break below its support of 24650 in Friday's trading session. Index view continues to show signs of remaining within this range of 24650 - 25050. Unless a closing on either side of this range is not confirmed - Nifty can remain rangebound post which a 500 pt directional trade opens in the direction on breakout.
A firm direction can be seen as a reaction to US Fed policy outcome.
Bank Nifty
Bank Nifty as well inched towards the higher end of its developed range between 55400 - 56200. This is in sync with Nifty as the index managed to hold its neck above the support of 55400-55500 in last week's closing. Breakout on either side is likely to push for a 1000 pt move.
KAYNES (BUY):
LCP: 5714
Stop Loss: 5360
Target: 6100
KAYNES is showing early signs of reversal from its 200 DMA support after a recent 20% correction witnessed in last one month.
This support is also insync with a 50% retracement seen between rally of February lows to highs of May 2025. Charts suggest a 10-15% rally unfolding in short term.
MGL (BUY):
LCP: 1421
Stop Loss: 1390
Target: 1520
Seven month high closing has been witnessed on charts of MGL along with a breakout above its 200DMA. This is marking an end to a 6 month sideways trend observed on the stock for a quick breather rally northwards suggesting 6-8% higher targets.
GLAND (BUY) :
LCP : 1735
Stop Loss : 1685
Target : 1900
Stock has given a 10 month sloping trendline breakout earlier this week. This being clubbed with a higher low formation on weekly charts on a wider 2 year timeframe. Momentum likely to pick up on closing above 1770 and nearest target is seen at its long term resistance of 1900 on charts.
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